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This lesson focuses on the March 13, 2012, press release by the Federal Reserve System's Federal Open Market Committee (FOMC) on the current Federal Reserve monetary policy goals and actions. Specifically, the lesson reports the target rate for the federal funds rate, set by the Federal Open Market Committee (FOMC). This lesson is intended to guide students and teachers through an analysis of the actions the Federal Reserve is taking and can take in influencing prices, employment, and economic growth. Through this lesson, students will better understand the dynamics of the U.S. economy, current economic conditions, and monetary policies.
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